Sigma Lithium (NASDAQ:SGML) Trading Up 8.9% – Still a Buy?

Sigma Lithium Co. (NASDAQ:SGMLGet Free Report)’s share price shot up 8.9% during mid-day trading on Thursday . The company traded as high as $12.24 and last traded at $12.22. 416,754 shares were traded during mid-day trading, a decline of 57% from the average session volume of 976,321 shares. The stock had previously closed at $11.22.

Sigma Lithium Price Performance

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -24.94 and a beta of 0.15. The company’s 50 day moving average is $12.87 and its 200 day moving average is $12.01. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in Sigma Lithium in the second quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sigma Lithium in the 2nd quarter valued at approximately $107,000. Geode Capital Management LLC lifted its holdings in shares of Sigma Lithium by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock worth $1,448,000 after acquiring an additional 9,049 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Sigma Lithium during the 3rd quarter worth approximately $122,000. Finally, Tidal Investments LLC boosted its position in shares of Sigma Lithium by 43.4% during the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after acquiring an additional 19,193 shares in the last quarter. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Company Profile

(Get Free Report)

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.

Further Reading

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